PRINCIPLES FIRST INC

EIN: 823634170 501(c)(3) Youth Development

KATY, TX

Total Revenue
$458,215
Total Expenses
$501,848
Total Assets
$216,786
Net Assets
$62,616
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TX
Principal Officer
KENDRICK DAVIS
Phone
7133023376
Tax Period
2024-01-01 to 2024-12-31

PRINCIPLES FIRST INC, founded in 2017, is a small nonprofit in the Youth Development sector that reported $458K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

To become a premier organization for developing elite-level basketball in the Houston area

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $458,215
Investment Income $0
Other Revenue $0
TOTAL REVENUE $458,215

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63,876
Fundraising Expenses $0
Program Expenses $501,848
Other Expenses $437,972
TOTAL EXPENSES $501,848

Year-over-Year Comparison

2024 2023 Change
Revenue $458,215 $543,504 -0.2%
Expenses $501,848 $436,691 +0.1%
Net Income $-43,633 $106,813 -1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$63,876
Total Directors
4
$63,876
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENDRICK DAVIS EXECUTIVE DIRECTOR/PRESIDE 40.00
Officer Director
$63,876 $0 $63,876
RUSSELL LEWIS VICE-PRESIDENT 5.00
Officer Director
$0 $0 $0
NIESHA DAVIS SECREATARY 5.00
Officer Director
$0 $0 $0
KENDRA DAVIS TREASURER 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $458,215 $501,848 $216,786 $-43,633
2023 $543,504 $436,691 $174,921 $106,813
2022 $225,292 $214,364 $17,660 $10,928
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